pascoe, do you recommend any courses at present? I would like to chase low hanging fruit initially. I did a full reno years ago and did everything that sherie barber recommended we NOT do. Of course i found this out after i had completed the reno. And no i didnt make $ but raised the rent by about 300pw because it had an unused granny flat. What do you recommend a newbie do to start in the 350k or under price range?

cheers

okay stuffing this up…thanks to both of you

Thanks corey, makes sense to reno significantly, our broker has paired us with westpac and apparently is able to get a reval under 6 months…which he has done for other beinvested clients..I wonder if its because we only buy in major capital cities ( hopefully at a discount) and put in 20% deposits, stamps, and legals all upfront?

if you still have the appetite corey, how do you go about your research to do a quick reno turnover. I am trying to follow steve mcknight and dymphna’s approach of finding something regional that can be improved and then put back onto the market so looking at: the size of each market, how many houses for sale versus how many under contract…which gives me the percentage of houses selling at a given time, days to sell, renovated versus unrenovated prices, etc etc. I am new to this so trying to figure out the best approach…i have a free 21 day access to propertyinvestar but haven’t logged on yet as i want to do as much research and not waste the 21 days. Okay thats enough from the newbie.

thanks again